NG collaboration development

Quote from 40yotrader:

I've talked to a broker that specializes in NYMEX. He told me to expect slippage of $300 r/t and not to plan on doing more than 10 contracts at a time. In effect, he told me I was wasting my time looking at NG. I've decided to abandon this market and go back and toil on other projects in obscurity. I turned off my PM's because I'm tired of all the pimping on my original ES system.

Good trading to all

44yotrader
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Sounds like your broker can only execute market orders for you. $300 for 10 lots is a poor show.

If you hadn't turned off your PM I could have given you a contact....

AM
 
Quote from bolter:

...
Large Spec (Trading/Hedge Funds)
These guys generally make money in this market. They take money off the small specs and commercials. They had a long bias up to 2001, but since then have definitely favoured the short side. They were net short during the recent explosive rally - got killed obviously. Their positions are alot more volatile than the small specs and commercials, in accordance with the market action.

...
bolter
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and now got killed for long, they definitely need ET consultants.:D
 
all you guys who have successful trading systems for NG, which months do you trade? I mean how far ahead, which futures, plus how many months?

thanks
 
since there has been so much talk about natural gas lately, i was curious to see how my model would have performed. the last time i checked stats was 7/19 (my previous post).

Rest of July: -3050
August: -3500 + a trade which shorted on 8/28 and is still open (pnl should be around 15k as of last friday)

so total pnl is around 8K. again, this is assuming $500 slippage plus commission. too bad i can't trade this.
 
jason,
There is alot of noise in the front month - as with most commodity markets. I generally trade the second to front month.
bolter
 
m4a1,
Yes a decent move lately. My model got short 31/8 - unrealised P&L of about $22k per contract in the curent trade.
all the best,
bolter
 
cool! hey what are reasonable slippage assumptions for 1 contract?

Quote from bolter:

m4a1,
Yes a decent move lately. My model got short 31/8 - unrealised P&L of about $22k per contract in the curent trade.
all the best,
bolter
More...
 
m4a1,
I use a standard allowance across all markets for end-of-day trading of 3.5% of the daily range.

But my experience is that markets which have extended electronic trading you can work the order yourself and eliminate slippage altogether.

bolter
 
is this per side or rt? 40 was saying earlier that it's around $300 rt, so that would be near your 3.5% figure.

Quote from bolter:

m4a1,
I use a standard allowance across all markets for end-of-day trading of 3.5% of the daily range.

But my experience is that markets which have extended electronic trading you can work the order yourself and eliminate slippage altogether.

bolter
More...
 
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